Economics And Finance

Overseas Traders Face Charges For Hacking SEC’s Public Filings Site (#GotBitcoin?)

U.S. authorities charged traders with breaking into a government computer system that stores market-moving corporate data, moving on a breach that raised questions about the government’s ability to protect sensitive data in a relentless era of computer hacking. Overseas Traders Face Charges For Hacking SEC’s Public Filings Site CyberSecurity Newsflash!:…

How To Make Home Ownership A Reality (#GotBitcoin?)

Don’t let the housing market beat you: A guide to making the right choices when financing a new home. How To Make Home Ownership A Reality For many, the American dream still entails owning a house and having a family. In about four months’ time, the average person can become a…

Black Wall Street: America’s Dirty Little Secrets (#GotBitcoin)

When Tulsa’s Black Wall Street Went Up In Flames, So Did Potential Inheritance. Black Wall Street: America’s Dirty Little Secrets (#GotBitcoin) Destruction of hundreds of businesses in 1921 massacre had reverberations on family wealth for generations. “Destroyed 1921, Not Reopened.” That is how dozens of plaques commemorate the Black-owned businesses…

BlackRock, State Street Corp. And AllianceBernstein Holding LP Cutting Jobs In Anticipation of Recession (#GotBitcoin?)

BlackRock Inc. is cutting about 500 jobs as the world’s largest money manager looks to simplify parts of its business and focus more on areas such as technology, retirement and alternative investments. BlackRock, State Street Corp. And AllianceBernstein Holding LP Cutting Jobs In Anticipation of Recession (#GotBitcoin?) Money manager will…

American Express Suspends A Director In Foreign-Exchange Pricing Scam (#GotBitcoin?)

American Express Co. suspended a director in its foreign-exchange department as part of its ongoing investigation into pricing practices in the division, according to people familiar with the matter. American Express Suspends A Director In Foreign-Exchange Pricing Scam Employees were informed that Taylor Simonin was suspended last month. Foreign-exchange employees were…

Computer Models To Investors: Short Everything! (#GotBitcoin?)

  [caption id="attachment_7496" align="aligncenter" width="730"] A Computer Terminal In AlphaSimplex Group In Cambridge, Mass., Which Found That Funds Using Trend-Following Strategies Are Betting Against Most Asset Classes.[/caption] Trend-following algorithms turn bearish at swiftest pace since 2008 as machines steer more trades. Computer Models To Investors: Short Everything! Investors have started to…

Yellow Vests Initiate French Bank Run (#GotBitcoin?)

Reports are emerging that the anti-Emmanuel Macron protesters in France, known in English as the Yellow Vests, are planning to stage a bank run this weekend. Yellow Vests Initiate French Bank Run (#GotBitcoin?) Although the changes of such an initiative bringing the government to its knees, as the demonstrators hope, are slim,…

Fracking’s Secret Problem—Oil Wells Aren’t Producing As Much

The Wells Of Some Producers In The Permian Basin Appear To Lag Behind Forecasts. Data analysis reveals thousands of locations are yielding less than their owners projected to investors; ‘illusory picture’ of prospects. Fracking’s Secret Problem—Oil Wells Aren’t Producing As Much As Forecast  Thousands of shale wells drilled in the last…

More First-Time Home Buyers Are Turning To The Bank of Mom And Dad (#GotBitcoin?)

Among borrowers using FHA loans, which come with low down payments, more than 26% tap relatives for financial help. That’s up from 22% in 2011. More First-Time Home Buyers Are Turning To The Bank of Mom And Dad Rising home prices are sending first-time home buyers to their parents for…

Smart Wall Street Money Builds Homes Only To Rent Them Out (#GotBitcoin)

Companies that once gobbled up foreclosed suburban homes are now acquiring new ones for the rental market.  Smart Wall Street Money Builds Homes Only To Rent Them Out (#GotBitcoin) Millennials aren’t the only ones having a hard time finding houses to buy. So is Wall Street.   A home under…

Rewards Credit Cards Gained A Fanatic Following—Now Banks Are Pulling Back (#GotBitcoin)

Major perks like airfare and cash back were meant to lead to higher returns. Rewards Credit Cards Gained A Fanatic Following—Now Banks Are Pulling Back (#GotBitcoin)But consumers figured out how to game the system. Rewards Credit Cards Gained A Fanatic Following—Now Banks Are Pulling Back Blake DiCioccio and her husband,…

Corporate Debt Is Reaching Record Levels (#GotBitcoin?)

#GotBitcoin? Highly leveraged companies could pose a threat to the global economy if rates rise or profits slump. Corporate Debt Is Reaching Record Levels In the aftermath of the financial crisis, a swath of individuals and families began a long and painful deleveraging process. Businesses, meanwhile, quickly moved in the…